Archbishop of Canterbury backs building 9,000 new homes on Church of England land 

 

In a newly published report by the Church Commissioners CoE investment fund managers (CoE), the potential for 9000 new homes has been confirmed across 60 different sites owned by the Church of England. 

The excess land amounts to a total of 2,670 hectares across England. The head of the Church of England, the Archbishop of Canterbury, Justine Welby is said to be in support of making church owned land available for the development of a total of 9,000 new homes, including 2,500 affordable houses. 

Archbishop Welby said: “Britain’s housing crisis is one of the major challenges facing this country – and it is hitting the poorest the hardest. While there is already significant work being done to find solutions, the church has something unique to contribute.” 

The CoE report also highlights that there is 40,648 hectares of excess land owned by the Church of England that could be earmarked to create more affordable housing.  

To date, the Church Commissioners group is responsible for investing circa £525m into housing in England. 

Seven case studies for new housing development projects in England are referenced in the report, where the CoE has already started new build schemes.   

One such project the report refers to is a new housing scheme in Essex, where the contractor Newham Deanery is working in partnership with the Greater London Authority (GLA) on the ‘Innovation Project’ in Chelmsford. 

The construction of a further 600 affordable homes on sites owned by the Church of England is underway in Waltham Forest, Barking and Dagenham, Redbridge and Havering. 

Leaders involved in heading up the Church Commission include Charlie Arbuthnot, a specialist advisor on financing social housing and the Bishop of Kensington Graham Tomlin, who raised awareness for housing needs following the Grenfell tower disaster. 

The CoE’s report includes an introduction from Mr Tomlin: “The Grenfell Tower disaster became almost at once a symbol of our country’s housing crisis. The church – working with other public, private and voluntary organisations that share this vision – has a significant contribution to make in this area. 

“We have land and resources that can be used to help meet the need for more affordable housing. We have social capital that can be used to uphold people’s right to a decent and secure home.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Archbishop of Canterbury backs building 9,000 new homes on Church of England land 

Archbishop of Canterbury backs building 9,000 new homes on Church of England land 

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.